New Issue: GS Finance sells $1.03 million index-linked notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., Oct. 10 – GS Finance Corp. priced $1.03 million of 0% index-linked notes due Oct. 2, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus 1.15 times the return of the lesser performing index.

If either index falls but the return of each index is at least negative 30%, the payout will be par.

If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,026,000
Maturity:	Oct. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.15 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 30%, par; if either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	2,519.36 for S&P and 1,490.861 for Russell
Pricing date:	Sept. 29
Settlement date:	Oct. 4
Underwriter:	Goldman, Sachs & Co.
Fees:	0.775%
Cusip:	40054LSJ4

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.